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Amplus announces finalists of its MILES Challenge
Applications were invited from start-ups with ready-to-deploy solutions in areas like distributed solar, Internet of Things (IoT) applications in energy, battery storage and electric mobility. Winners will be supported through seed capital to scale up.
Delta Electronics targets 100% renewable electricity and carbon neutrality for its global operations by 2030
Delta implemented Science Based Targets (SBTs) in 2017, committing to a reduction in carbon intensity by 56.6% by 2025. In 2020, its carbon intensity dropped by more than 32% and renewable energy usage rate is expected to cover about 45% of its total electricity consumption.
ReNew Power recognised as a Lighthouse by World Economic Forum
ReNew Power has become world’s first clean energy company to be recognised as a Lighthouse by World Economic Forum. It joins cross-sector international network of companies recognized for use of technology to grow their bottom line, without increasing their environmental footprint.
ICRA assigns Waaree Energies with SP1A ranking
The ranking SP1A emphasizes the company’s superior performance capability and highest financial strength to undertake solar projects.
PTC India Financial approves INR 974-crore loan
The loan has been approved for solar and transmission projects and for state power utilities.
Hitachi ABB Power Grids wins $23.2 million transformer order for electrification of Indian Railways
The global technology leader will support India’s mission to make Indian Railways a net-zero carbon emitter by 2030.
ZunRoof contributing up to 15% of all the solar net meters installed in Dehi
Gurugram-based startup ZunRoof has installed more than 300 solar net meters out of the 1805 solar net meters installed in Delhi, claiming the top spot as an individual contributor to the residential adoption in Delhi NCR region.
Nexamp secures $440 million in debt financing for solar and energy storage portfolio
Largest financing deal ever for community solar assets, a model that provides equitable access to clean energy.
FY22 Power Outlook: Doldrums to continue for distribution sector
The discoms relief package of INR1.25 trillion was expected to reduce the overall discoms dues. However, lower-than-expected disbursements under the package along with the discoms’ further weakened profile due to COVID-19 had led to a continuous build-up of dues by end-December 2020.
India Utility wins IGSF Gold Innovation Award for rooftop solar workflow automation
The Enact platform helps the BRPL distributed energy team to manage customer onboarding, solar project approval and processing of solar net metering approvals, working closely with BRPL-approved solar installers across New Delhi.
